BUSINESS China treasury bond futures open mixed Thursday

BUSINESS

China treasury bond futures open mixed Thursday

Xinhua

10:19, January 31, 2019

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(File photo)

BEIJING, Jan. 31 (Xinhua) -- China's five-year treasury bond futures opened mixed on Thursday, with the contract for settlement in March 2019 opening 0.07 percent higher at 99.86 yuan (about 14.9 U.S. dollars).

The contract for settlement in June 2019 opened 0.04 percent higher at 99.75 yuan. The contract for settlement in September 2019 opened 0.99 percent lower at 99.76 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price on a set date. They allow investors to bet on and profit from the movements in the value of the bonds.

The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013.

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